Cigna Corporation, together with its subsidiaries, operates as a health services company worldwide. The company delivers personalized products and services to customers through employer-based, government-sponsored, and individual coverage arrangements. Segments The company operates through three segments, including Global Health Care, Global Supplemental Benefits, and Group Disability and Life. Global Health Care segment This segment aggregates the Commercial and Government operating segments. The company’s Commercial operating segment includes both its U.S. commercial and certain international health care businesses serving employers and their employees, including globally-mobile individuals, and other groups (governmental and non-governmental organizations, unions and associations). In addition, its U.S. commercial health care business also serves individuals through its product offerings both on and off the public health insurance exchanges. This segment’s products and services include medical, dental, behavioral health, vision, and prescription drug benefit plans, health advocacy programs and other products and services to insured and self-insured customers. The company’s Government operating segment offers Medicare Advantage and Medicare Part D plans to seniors and Medicaid plans. Principal Products and Services Commercial Medical Health Plans – U.S. and International The Commercial operating segment, either directly or through its partners, offers some or all of its products in all 50 states, the District of Columbia, the U.S. Virgin Islands, Canada, Europe, the Middle East, and Asia. The company offers various medical plans, such as managed care plans, preferred provider (PPO) plans, and Choice Fund suite of consumer-driven products. Managed Care Plans including Health Maintenance Organization (HMO), Network, Network Open Access and Open Access Plus: The company offers health care services through HMOs and insured and self-insured indemnity managed care benefit plans that use incentives to encourage the use of ‘in-network’ versus ‘out-of-network’ health care providers and provide the option to select a primary care physician. PPO Plans: The company’s PPO product line features a network with broader provider access than the Managed Care Plans. Choice Fund Suite of Consumer-Driven Products: The company’s medical plans are integrated with the Cigna Choice Fund suite of products, including Health Reimbursement Accounts, Health Savings Accounts, and Flexible Spending Accounts that are designed to encourage customers to play an active role in understanding and managing their health and associated expenses. Customers could use these accounts to finance eligible health care expenses and other approved services. In majority cases, these products are combined with a deductible medical plan. The company offers stop loss insurance coverage for ASO (Administrative Services Only) plans that provides reimbursement for claims in excess of a predetermined amount for individuals (specific), the entire group (aggregate), or both. Its experience rated group medical insurance policies include premium funding options similar to administrative services combined with stop loss coverage. Government Health Plans Medicare Advantage The company offers Medicare Advantage plans in 15 states and the District of Columbia through its Cigna-HealthSpring brand. Under such a plan, Medicare-eligible beneficiaries might receive health care benefits, including prescription drugs, through a managed care health plan, such as its coordinated care plans. The company receives revenue from the Centers for Medicare and Medicaid Services (CMS) for each plan customer based on customer demographic data and actual customer health risk factors compared to the broader Medicare population. The company might also earn additional revenue from CMS related to quality performance measures (known as ‘Medicare Stars’). Medicare Part D The company’s Medicare Part D prescription drug program provides various plan options, as well as service and information support to Medicare and Medicaid eligible customers. Its pla
cigna corp (CI:New York)
900 Cottage Grove Road
Bloomfield, CT 06002
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